Tag Archives: estate

What You Must Know About Third-Party Supplemental Needs Trusts

If you want to provide for a loved one who is disabled or has special needs when you are no longer here, care must be taken to ensure that the inheritance you leave will help rather than harm your loved one.

An inheritance received outright could negatively impact your loved one if he or she is...
Read more

Why Probate Takes So Long and How to Avoid It

When a loved one dies, their money and property has to be distributed to the appropriate people according to the will, or the state’s laws if a will is not in place.

Even if someone is taking charge of the probate process and keeping up with all the details and requirements, it can still take a...
Read more

What To Do if You’ve Been Named a Legal Guardian

The legal term “guardian” refers to someone who cares for another individual, often a minor child, who needs special protection for a variety of reasons.

Although parents of a minor child can name a legal guardian for their child in their will, typically a court must confirm and officially appoint that person to the status of...
Read more

Including a Right of First Refusal on Property in Your Estate Plan

Client have occasionally asked us whether their estate plan can include a right of first refusal (ROFR) on assets in their estate.

To illustrate this issue, here’s a hypothetical scenario: The Family Farm Brad and Nancy have owned and operated a farm for decades. As they’ve gotten older, their youngest son, John, has helped them manage the...
Read more